Topic: What is your definition of shitcoin? - page 8. (Read 1974 times)
Derogatory term use to define coins that have no use case whatsoever except speculative or for pump and dump purposes. These were common during the premine coins since people still trusted anonymous developers back then.
Shitcoin is a coin abandoned by the project team which then ends up being useless; that is having no value whatsoever. Even if it's listed on exchange, a time will come when the exchange will delist it. Also, shitcoins can be product of hype or pump and dump; which is one of the reason why investors should make sure they look beyond the hype or the noise and go for what the team is trying to offer; this will reduce the number of shitcoins coming into existence.
My definition of shit coins are those coins with absolutely no redemption. Project that issues shit coins have no working products, no strategic or major partnership, no investors, no value to the society, inexperience team members and etc.
For me a shitcoin is just a product with no real developments, most of the time projects often update their investors everyday and after the funding the update just disappear, im holding a coin that literally a entire year with no update with their project, and they didnt even follow the roadmap, their product was suppose to be launched at new year but no it was a lie, but luckily it was just bounty tokens, i kinda feel bad for the investors though.
The best definition of shitcoin is a coin without value. Even if the coins will reach to any exchange but there is no one buying that coins then that is the best example of shitcoin.
Decreasing it's value upon reaching the exchange is not a good idea to call it a shitcoin because there are plenty of project who were able to recover from this kind of scenario. But if the coin will keep on decreasing upon reaching the exchange and until no one is interested to buy it, then that coin is a shitcoin for sure.
Decreasing it's value upon reaching the exchange is not a good idea to call it a shitcoin because there are plenty of project who were able to recover from this kind of scenario. But if the coin will keep on decreasing upon reaching the exchange and until no one is interested to buy it, then that coin is a shitcoin for sure.
A shit coin to my knowledge is mostly a utility coin which has no real use case or product backing it and this makes the price goes down drastically when it's listed on exchanges. If you invest in such cryptocurrencies you would definitely lose your funds, always invest in good projects which have some relation to real life.
Yes, because coins that are born from projects that have nothing to do with real life are coins that don't have many enthusiasts because they don't have gradual development so the price tends to drop when there are any exchanges, this should really be noticed when we want to join the project.
Currently any crypto or any project that its development is mainly centered on trying to replace bitcoin. To me they are shitcoins, such coins that fall in the category of pump and dump. Which is what they are used for. Holding of such coins to a great extent brings in tears most times and whenever they are dumped they hardly recover
Well many of investors and traders don't want to buy those coins if its not good for long-term it may affect on there investment so many of those coins always continue to decrease.
such coins should not need to exist. because it has a price but does not have development. even for trading volumes sometimes it doesn't exist. lots of coins like that survive in exchange. and there should be regulations governing some assets that do not have trading volumes because they should no longer be registered in exchange.
Well many of investors and traders don't want to buy those coins if its not good for long-term it may affect on there investment so many of those coins always continue to decrease.
such coins should not need to exist. because it has a price but does not have development. even for trading volumes sometimes it doesn't exist. lots of coins like that survive in exchange. and there should be regulations governing some assets that do not have trading volumes because they should no longer be registered in exchange. What actually defines a shit coin? The continuous price decrease after listing on an exchange with actual working products in real life or a stable price and a minimal increase in price but lacking real life working products?
For me, shitcoins are just pumped and dump coins, they do not have a roadmap, and they copy their whitepaper, they really don't have a platform and if they do, they are just duplicate of an existing project or past project, veteran traders and investors can tell if a coin is a shitcoin.
Well many of investors and traders don't want to buy those coins if its not good for long-term it may affect on there investment so many of those coins always continue to decrease.
A shit coin to my knowledge is mostly a utility coin which has no real use case or product backing it and this makes the price goes down drastically when it's listed on exchanges. If you invest in such cryptocurrencies you would definitely lose your funds, always invest in good projects which have some relation to real life.
For me the cost does not mirror the estimation of a task, there are numerous potential ventures on CMC however with low costs. That doesn't state that those activities are shitcoin. Also, the other way around for expensive ventures does not mean they are significant. To assess a shitcoin you should concentrate on the esteem, the genuine use of the undertaking can enliven. Survey future advancement potential, if an undertaking does not meet the abovementioned, it is shitcoin.
That is why it is sometimes difficult to determine what it is. If we turn a blind eye to the FA and rely only on TA, then what difference does it make: is it a shitcoin or not?Technical analysis allows you to make money regardless of whether a quality asset or not is used as a trading tool.
the exchange rate fell below the forecast before pre-sale, a product that is not useful at all after the project was launched to the public so that the enthusiasts are quiet the dev who runs away brings money when the project is running and isn't finished, so the project dies in the middle of the road, if anyone wants to add, please.
Shitcoins has no standard definition. Its a colloquial for coins with no real or market value due to one or more of these reasons such as; poor team, no minimum value product, zero or little media presence and marketing and bad Tokenomics
well for me shitcoin is nothing, a useless coin that has a shitty project and will turn to scam soon.
For me the cost does not mirror the estimation of a task, there are numerous potential ventures on CMC however with low costs. That doesn't state that those activities are shitcoin. Also, the other way around for expensive ventures does not mean they are significant. To assess a shitcoin you should concentrate on the esteem, the genuine use of the undertaking can enliven. Survey future advancement potential, if an undertaking does not meet the abovementioned, it is shitcoin.
What actually defines a shit coin? The continuous price decrease after listing on an exchange with actual working products in real life or a stable price and a minimal increase in price but lacking real life working products?
And Without any updating by developer for make them made to increase rise into crypto world. alot of them leaved project to make a new shitcoin and the new next cyrcle one trash without tech and knowledge research. Dumping it price at shit exchange too. 
What actually defines a shit coin? The continuous price decrease after listing on an exchange with actual working products in real life or a stable price and a minimal increase in price but lacking real life working products?
Well it depends on the project of the coin you are referring too, you can just call a coin shitcoin because it keeps on decreasing in price on the exchange, decrease in price can actually be caused by different factors which includes having much supply in the market than the demand for the coin, or giving out a lot of coin during airdrop, what you would check to know if a coin is a shitcoin is the project that coin was to serve, if there is no project then no value can be created, and once there is no value, the coin is useless. You just got the point nailed.
The decline in volume sometimes get to a stage of zero volume.
There are so many of the listed on CMC. Some people have tried to resurrect them, but because they are shit coins, they have refused.
maybe they will never rise even though they are already on the exchange. but most of them do not have trading volume, and that is obviously bad for a cryptographic asset. maybe those who do not have trading volume must be discharged from the exchange. The decline in volume sometimes get to a stage of zero volume.
There are so many of the listed on CMC. Some people have tried to resurrect them, but because they are shit coins, they have refused.
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